Minnesota Luxury Real Estate – Inventory Still Falling Quickly

minnesota luxury homes, inventory trend, closed sales trend

The Median List Price and Median Sale Price haven’t moved much based on the data I collected. Data for Luxury Homes covers the entire state of Minnesota, these numbers may be watered down Owners of these homes may be more firm on the price they want, with little change in price reductions There are fewer [...]

27 Suburbs with Appreciating Home Prices

twin cities suburbs, real estate, housing market, housing inventory, burnsville mn, woodbury mn, maple grove mn, minneapolis, plymouth mn, saint paul minnesota, lakeville mn, chanhassen mn, eden prairie mn, prior lake mn, chaska mn, edina mn, golden valley mn, lake minnetonka, apple valley mn, eagan mn, rosemount mn, savage mn

Twenty-Seven out of the Ninety-Two Communities we survey in the Twin Cities Metro Area saw home price rise when we compared the Median Sales Price in 2011 to the first quarter of 2012. We also surveyed the same communities to see which ones have appreciated since the 2006  Housing Market Peak. So far we haven’t [...]

Luxury Home Market

minnesota luxury homes, real estate, housing market, home prices, home sales

Home Prices for Luxury Homes have been pretty flat for some time even with inventory levels falling. Now that lower priced homes are selling faster with multiple offers it’s only a matter of time before higher priced homes start to feel the trickle effect of an improving market. Luxury Homes Sales are on pace to [...]

Luxury Home Market Data Remains Flat

minnesota luxury homes, home sales

Prices and Sales Figures remain flat for Luxury Homes in Minnesota while inventory levels steadily decline. Luxury Homes Sales are on pace to hit 1,376 Sales, which is about 700 fewer than sales in 2011 and 2010. In this next graphic we can see which communities have the most luxury home sales in Minnesota and [...]

Twin Cities Housing Market Update – 1st Quarter of 2012

twin cities, minneapolis, minnesota, pending sales, new listings, home sales, real estate, housing market

With an unusually seasonably warmer first quarter buyers started looking at homes a little sooner compared to previous years. It’ll be interesting to see if Minnesota still follows a similar pattern of peak activity between now and Memorial Day or if it will die down a little bit sooner compared to previous years. More than [...]

Average Home Price in Twin Cities Suburbs

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Luxury Home Inventory Continues to Fall

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The inventory of Minnesota Luxury Homes has peaked during the Fall of 2009. Home Sales of Luxury Homes peaked in 2005 and have leveled off since 2009. Sales in 2012 are on pace to hit about 850 Sales. This number will most likely change in the coming months since more closing occur during April, May [...]

Luxury Home Prices Remain Steady

minnesota luxury homes, real estate, housing market, home sales

Since peaking in the fall of 2009 the absorption rate for homes has improved from 27.28 Months of Inventory to 17.76 Months of Inventory and continues to trend down. The Median Sales Price for Luxury Homes, those above $500,000, in Minnesota has fairly level since the fall of 2009 as well and may make a steady [...]

Luxury Homes in the Twin Cities Area

Luxury Homes, twin cities, real estate, housing market

I thought today would be a good time to update my post on Luxury Homes Bought in Minneapolis Real Estate Market. Just like my last post I’ve include the Seven County Area of the Twin Cities in my charts. As of the start of 2012 the Lake Minnetonka Area has the most sale followed by [...]

Is the Twin Cities Housing Market Ice Cold?

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I guess that depends on what area you’re in and what price range your home fits under. Here’s a series of infographics I have.  

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. All real estate listings are marked with the Broker ReciprocitySM logo, and detailed information about them includes the name of the listing brokers.

Information deemed reliable but not guaranteed.

Copyright 2012 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

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This IDX solution is (c) Diverse Solutions 2012.

Eric Hempler is a Minnesota Realtor with the Agent Referral Network and works in conjunction with RE/MAX Advantage Plus on the Minnesota Real Estate Team.